SINCE the pandemic, several real estate players have embarked on business diversification initiatives to broaden their revenue streams beyond property development.
Among them were Sime Darby Property Bhd
(SDP), which tied up with real estate logistics services provider LOGOS Property Group Ltd in September last year to set up industrial development funds (IDF) for clients in the logistics sector.
The deal saw SDP and LOGOS Property holding stakes in a joint-venture (JV) company on a 51:49 basis.
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